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Trade between Mexico and Nicaragua

In 2024, Mexico exported $997 million to Nicaragua and imported $1 billion. Mexico ran a deficit of $20 million with Nicaragua, compared with a surplus of $496 million in 2019. Nicaragua was Mexico’s 36th largest trading partner (0.2% of its trade), and Mexico was Nicaragua’s 2nd (10%).

Summary

Mexico → Nicaragua
$997million
Nicaragua → Mexico
$1billion
Mexico’s balance
-$20million

Balance

Mexico’s trade balance with Nicaragua

Trade between Mexico and Nicaragua grew 41.6-fold since 1995

USD billions (current). Mexico’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1
  • Imports 1
  • Balance -0

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$40 million$9 million$31 million
1996$69 million$12 million$57 million
1997$92 million$15 million$77 million
1998$83 million$14 million$69 million
1999$86 million$16 million$70 million
2000$106 million$25 million$81 million
2001$141 million$29 million$112 million
2002$136 million$26 million$110 million
2003$158 million$37 million$121 million
2004$175 million$52 million$123 million
2005$224 million$158 million$66 million
2006$411 million$74 million$336 million
2007$477 million$82 million$395 million
2008$439 million$172 million$267 million
2009$255 million$96 million$158 million
2010$360 million$114 million$246 million
2011$450 million$141 million$309 million
2012$522 million$431 million$91 million
2013$564 million$1 billion-$437 million
2014$595 million$629 million-$34 million
2015$641 million$535 million$107 million
2016$841 million$656 million$184 million
2017$988 million$340 million$647 million
2018$854 million$296 million$558 million
2019$799 million$303 million$496 million
2020$793 million$407 million$386 million
2021$857 million$710 million$147 million
2022$1 billion$858 million$144 million
2023$1 billion$1.1 billion-$60 million
2024$997 million$1 billion-$20 million

What they sell each other

What Mexico sells to Nicaragua

The top 10 headings in 2024, with their share of the total.

  1. Cables and wire$131 million · 13.1%
    11 thousand tonnes · Mexico’s destinations
  2. Other plastic articles$68 million · 6.8%
    5 thousand tonnes
  3. Copper wire$43 million · 4.3%
    4 thousand tonnes
  4. Trucks$34 million · 3.4%
    3 thousand tonnes · Mexico’s destinations
  5. 6 thousand tonnes · Mexico’s destinations
  6. Toilet paper and tissues$30 million · 3%
    7 thousand tonnes
  7. Malt extract and food mixes$28 million · 2.8%
    5 thousand tonnes
  8. Other food preparations$24 million · 2.4%
    3 thousand tonnes
  9. Raw tobacco$23 million · 2.4%
    767 tonnes
  10. Hair care$22 million · 2.2%
    5 thousand tonnes

What Nicaragua sells to Mexico

The top 10 headings in 2024, with their share of the total.

  1. Cables and wire$668 million · 65.7%
    31 thousand tonnes · Mexico’s sources
  2. Fresh beef$133 million · 13.1%
    24 thousand tonnes
  3. Palm oil$53 million · 5.2%
    54 thousand tonnes
  4. T-shirts$47 million · 4.6%
    2 thousand tonnes
  5. Plastic packaging$25 million · 2.5%
    10 thousand tonnes
  6. 6 thousand tonnes
  7. Frozen beef$12 million · 1.2%
    3 thousand tonnes
  8. Peanuts$12 million · 1.1%
    9 thousand tonnes
  9. 3 thousand tonnes
  10. Edible offal$6 million · 0.6%
    1 thousand tonnes

How it travels

Estimated sea route from Manzanillo to Corinto.

The estimated sea route between Manzanillo and Corinto is 1,139 nautical miles (2,110 km) long: ≈ 2.5–3.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2 billion · 97.6%
  2. Air$48 million · 2.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Nicaragua was Mexico’s 36th largest trading partner (0.2% of its trade), and Mexico was Nicaragua’s 2nd (10%).

Nicaragua in Mexico’s trade
0.2%
Nicaragua’s rank among Mexico’s partners
36th
Mexico in Nicaragua’s trade
9.8%
Mexico’s rank among Nicaragua’s partners
2nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.